Flower Shop Startup Cost Comparison

Chesapeake, VA vs Chicago, IL

Chesapeake, VA

$30,000 - $156,000

COL Index: 101.5

VS

Chicago, IL

$39,000 - $191,000

COL Index: 107.8

Detailed Cost Comparison

Expense Chesapeake, VA Chicago, IL Difference
Business Registration & Permits
$1,400 - $5,100 $5,600 - $10,900 -61%
Commercial Lease (First + Last + Security)
$3,800 - $22,500 $7,000 - $42,300 -47%
Floral Equipment & Coolers
$8,000 - $40,000 $8,000 - $40,000 Same
Initial Flower & Supply Inventory
$3,000 - $12,000 $3,000 - $12,000 Same
Store Build-Out & Design
$4,800 - $38,000 $5,800 - $46,000 -17%
Business Insurance (Annual)
$1,200 - $4,500 $1,200 - $4,500 Same
Marketing & Online Presence
$1,500 - $8,000 $1,500 - $8,000 Same
Working Capital (3 Months)
$6,100 - $25,400 $6,500 - $27,000 -6%
Total Estimated Cost $30,000 - $156,000 $39,000 - $191,000 -19%

Local Market Factors

Factor Chesapeake Chicago
Cost of Living Index 101.5 107.8
Commercial Rent ($/sqft/yr) $14 - $34 $25 - $65
Labor Rate Index 0.95 1.15
Sales Tax 6% 10.25%
Minimum Wage $12.41/hr $15.80/hr
LLC Filing Fee $100 $150

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